Friday 6 November 2026 Export EXC’s income statement to Excel — free account

Exelon Corporation

EXC Utilities Utilities Regulated Electric

Exelon Corporation’s revenue for fiscal 2025 (year ended December 2025) was $24.3 billion, up 5.34% from fiscal 2024.

Revenue: +9.16%
EPS: −18.6%
Free cash flow: −410.4%
Total debt: +7.00%

Quarter to September 2026, against a year earlier

46.40 0.16 +0.35%

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Market cap: $48.2B
P/E: 18.1×
Fwd P/E: 16.2×
Dividend yield: 3.58%
F-score: 6/9
Altman Z: 0.74
Beneish M: −2.33
Dividend safety: 36/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Exelon Corporation (EXC) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2024: revenue by segment, and margins
Commonwealth Edison Co	8,219	35.69%
Baltimore Gas and Electric Company	4,426	19.22%
PECO Energy Co	3,973	17.25%
Potomac Electric Power Company	3,039	13.20%
Delmarva Power and Light Company	1,787	7.76%
Atlantic City Electric Company	1,628	7.07%
Gross margin		62.29%
Operating margin		18.76%
Pre-tax margin		11.58%

Revenue by product or service $m

Line	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Rate-regulated electric revenues	21,338 92.66%	19,267 88.68%	16,899 88.58%	16,245 90.56%	15,236 91.44%	15,195 44.12%	15,337 42.63%
Rate-regulated natural gas revenues	1,782 7.74%	1,764 8.12%	2,018 10.58%	1,543 8.60%	1,421 8.53%	1,489 4.32%	1,470 4.09%
Energy Commodities and Service	—	—	—	—	—	17,754 51.55%	19,168 53.28%
Also reported: a second breakdown of the same revenue
Shared service and other revenues	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	0 0.00%	3 0.01%
Public Utilities	—	—	—	—	—	16,839 48.90%	16,879 46.91%
Electricity, Generation	—	—	—	—	—	15,120 43.90%	16,155 44.90%
Oil and Gas, Purchased	—	—	—	—	—	2,147 6.23%	2,710 7.53%
Other, not broken out	—	696 3.20%	161 0.84%	150 0.84%	—	—	—
Revenue	23,028	21,727	19,078	17,938	16,663	34,438	35,978

Revenue by segment $m

Line	FY2024	FY2021	FY2020
Commonwealth Edison Co	8,219 35.69%	6,406 35.71%	5,904 35.43%
Baltimore Gas and Electric Company	4,426 19.22%	3,341 18.63%	3,098 18.59%
PECO Energy Co	3,973 17.25%	3,198 17.83%	3,058 18.35%
Potomac Electric Power Company	3,039 13.20%	2,274 12.68%	2,149 12.90%
Delmarva Power and Light Company	1,787 7.76%	1,380 7.69%	1,271 7.63%
Atlantic City Electric Company	1,628 7.07%	1,388 7.74%	1,245 7.47%
Pepco Holdings LLC	6,448	5,041	4,663
Revenue	23,028	17,938	16,663

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Number of electric customers	Q3 FY2026	4.2M	4.2M	+0.33%
Number of electric customers	Q3 FY2026	1.7M	1.7M	−0.13%
Number of electric customers	Q3 FY2026	565.5K	561.4K	+0.72%
Number of electric customers	Q3 FY2026	1.4M	1.3M	+0.68%
Number of electric customers	Q3 FY2026	966.6K	962.4K	+0.43%
Number of natural gas customers	Q3 FY2026	556.0K	555.4K	+0.11%
Number of natural gas customers	Q3 FY2026	707.4K	704.4K	+0.44%
Number of natural gas customers	Q3 FY2026	142.5K	141.8K	+0.52%
Remaining performance obligations	Q1 FY2026	$118.0M	$126.0M	−6.35%
Total electric deliveries	Q3 FY2026	3.4K	3.3K	+0.78%
Total electric deliveries	Q3 FY2026	8.1K	7.9K	+3.02%
Total electric deliveries	Q3 FY2026	6.7K	6.6K	+2.63%
Total electric deliveries	Q3 FY2026	2.8K	—	—
Total electric deliveries	Q3 FY2026	24.6K	24.6K	+0.17%
Total electric deliveries	Q3 FY2026	10.1K	10.0K	+1.25%
Total natural gas deliveries	Q3 FY2026	2.3K	2.4K	−4.00%
Total natural gas deliveries	Q3 FY2026	10.7K	10.9K	−1.16%
Total natural gas deliveries	Q3 FY2026	9.4K	9.4K	+0.34%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q3 FY2018	Q2 FY2018	Q1 FY2018
Number of electric customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of electric customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of electric customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of electric customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of electric customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of natural gas customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of natural gas customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of natural gas customers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total electric deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total electric deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total electric deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total electric deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total electric deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total electric deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total natural gas deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total natural gas deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total natural gas deliveries	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.